Micro Enterprise Grant
The Department of Housing and Community Development (DHCD) released a grant, the Massachusetts Community Development Block Grant – CV (CDBG-CV) available to eligible municipalities to respond to COVID-19.
These special CDBG-CV funds were appropriated through the CARES Act of 2020 and are being awarded to DHCD by the Department of Housing and Urban Development (HUD) via amendment to the existing DHCD CDBG FY2019 One Year Action Plan. These CDBG-CV funds were available to benefit all non-entitlement municipalities and their residents. The activities funded with CDBG-CV funds must meet a CDBG national objective of primarily benefiting low and moderate income (LMI) persons (< 80% area median income (AMI) as adjusted for household size), as described in the FY 2019 CDBG One Year Action Plan.
Billerica applied for and received a grant from in the amount of $225,000 to help small businesses with 5 or less employees as part of DHCD’s Micro-Enterprise CDBG-CV program. While the majority of these small businesses in Billerica were deemed “non-essential” by the state, they still had the burdens of payroll, loans, rent, mortgages, and utility costs that did not stop with their mandatory closures. The money from the grant is capped at $5,000 per business. There will be a future zoom meeting to go over the application process; however, before that public meeting the application can be downloaded below. Businesses with any questions can contact Rob Anderson at 978-671-0963.